Generally speaking the IRS can only attach a lien to property the person with the tax debt has access. If all four of you own one piece of...

How can a CA non profit established in 1977 become a for profit and keep its assets and funds acquired when it was non profit?

This type of question will absolutely require an attorney. There are many tax and business implications for losing your 501(c) status. This is just...

How is alimony taxed?

At federal law there is no floor or ceiling to your alimony payments from a tax perspective. Alimony payments are a deduction for the person paying...

I am unsure what your question is in regards to 501(c)(3) status. Generally speaking, a HOA is considered under 501(c)(4) and NOT under 501(c)(3)....

My 2013 taxes were reported incorrectly by tax prepare now I owe What should I do?

Your tax return preparer may take the blame, but you also have some responsibility as you signed the tax return. The assumption when you sign is...

Do I need to report interest income in my tax return from a foreign account that goes to my parents and not me?

These types of question can quickly become complicated by facts you may not have considered. In general, your ability to control the use of the...

Filing Income Tax when retired

You may not need to but there are a lot of questions that need to be answered before anyone can definitively answer this question for you. The...

Should I pay taxes on money rolled over to my HSA from my deceased spouses HSA?

A HSA you receive from your deceased spouse is treated as your HSA upon their death (assuming you were the beneficiary). A rollover contribution is...

If my ex agreed to take over our tax debt and pay on time, but has not made a payment, do I need to take him back to court?

You true recourse for this matter will be with the State Court from which you obtained your divorce. The IRS doesn't care about any private...

I filed a joint return with my husband and was expecting $9293 as refund. However, $5819 was deducted to offset debt.

You may be eligible for injured spouse relief. However, you haven't provided us with enough information to really make that call. What debt did the...